Tag Archive: Salvatore Babones

If the deficit disappears, our economic nightmare might finally come to an end. By Salvatore Babones It’s January 25, 2001, the first week of the Bush presidency and more than half a year before the September 11 attacks. Federal Reserve Chairman Alan Greenspan testifies before the Senate Budget Committee, asserting: “If current policies remain in …

Families with two breadwinners can end up paying more than twice as much in Social Security taxes as families with just one income. By Salvatore Babones U.S. workers have paid a reduced Social Security tax rate of 4.2 percent for the past year and a half, down from the ordinary rate of 6.2 percent. For …